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13) Mr. Edwards arranged for a mortgage loan for 80 percent of $3.0 million purchase price of a home. He paid a down payment of
13) Mr. Edwards arranged for a mortgage loan for 80 percent of $3.0 million purchase price of a home. He paid a down payment of 20 percent and financed the balance. If the APR on this loan is 5.50 percent, what is the monthly payment on this loan if the mortgage term is 30 years? with baii plus if possible
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